Solution-Amount of interest accrued on the closing date

Amount of interest accrued on the closing date

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Reference no: EM131046971

Consider the following- The investment portfolio of a business as on 31-12-2012 stood as follows-

(1) 8% Debentures of X Co. Ltd. (Rs. 6,000). Interest payable on 31st March and 30th September.

(2) 7% Debentures of Y Co. Ltd. (Rs. 4,000). Interest payable on 30th June and 31st December.

(3) 10% Debentures of Z Co. Ltd. (Rs. 9,000). Interest payable on 1st June and 1st December. Amount of interest accrued on the closing date will be?

Reference no: EM131046971

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Amount of interest accrued on the closing date

Reference no: EM131046971

Reference no: EM131046971

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